StockFetcher Forums · General Discussion · MOM Play<< >>Post Follow-up
cdvllc
15 posts
msg #47856
Ignore cdvllc
11/6/2006 11:42:16 PM

Hi Everyone,
Hi Support,

I am trying to locate a certain stock chart pattern for a momentum play.

Here is the criteria...
#1 Substantial rise in price (80% in two months or less)

#2 Final Consolidation (a period of consolidation that can be a variable amount of time (6days-30days) that doesn't drop in price more then 22% during the consolidation.

#3 receding volume during the consolidation period.

#4 Price crossed above the trend line during the consolidation period.

Here is what I've written so far, but it falls short of my expectations...

close 6 days ago is 80% above close 50 days ago
and close 60 days ago > 1
set{hi6, High 6 days ago}
and set{lo6, Low 6 days ago}
and hi6 is above Open last 5 days
and hi6 is above Close last 5 days
price between 5 and 100

draw resistance slope(6,6)
draw support slope (6)
draw price line at close 60 days ago
draw price line at high


Any ideas or suggestions?

Thank you,
Renn



StockFetcher Forums · General Discussion · MOM Play<< >>Post Follow-up

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